disappointed in president obama that he's punting the ball down the field for a long time. i don't understand why they can't figure this thing out. seems to be consistent with what congress seem to be able to do. >> what happens if you don't go with sequestration is you have to make the tough decisions and that compromises a hard thing to do in a month. and initially the republicans were crying oh, my god defense. we can't get defense. >> it's surprising now. >> exactly. now, a lot of folks are saying look maybe it's going to be easier to do this, let it go, move on to the other big issues and try to put together more of a plan as you move down. but you got to bring some of the spending down. but you also have to deal as phillip was talking about, deal with the taxes. you've got to have tax reform in this country. that's probably the next step. >> it's easier to push the ball down the field. that's what we always do which is a shame. >> does it have to do with they don't think this is going to have a financial impact or financial markets? >> that's right. housing is moving.